Nick Gillespie at Reason.com has a breakdown of the
conservative backlash, but if you actually read the article it's
really baffling trying to figure out why the piece is generating
such controversy.

Myerson identifies five things that should be done, and
admittedly, his titles for each idea sound provocative. They are:

1. Guaranteed Work for Everybody2. Social Security for
All
3. Take Back The Land
4. Make Everything Owned by Everybody
5. A Public Bank in Every State

A number of economists have
argued that something like a jobs guarantee or a basic income for
everyone — having the government literally give everyone money on
a non-temporary basis — is a viable concept to explore as a way
of addressing unemployment and the safety net. Milton Friedman
favored a negative income tax, so that if you were poor you got
money from the government, and the conservative
Charles Murray endorses the idea as well.

The idea to "Take Back The
Land" sounds radical unless you read further that the main idea
is more aggressive property tax and for the government to provide
more affordable housing.

The "Make Everything Owned By
Everybody" is again just a dramatic way of saying that there
should be a U.S. sovereign wealth fund, as exists in many other
countries. Think this idea is so radical? Here it is being
discussed in the conservative publication
The National Review.

And as for a public bank in every state, there's one of these in
North Dakota, which seems to be doing fine. Basically it's a
publicly owned lending fund designed to subsidize certain
projects.

You can disagree with all of these — all have various drawbacks
and benefits — but the idea that this is some insane communist
raving looks like an example of people just deciding to be
outraged over something they didn't actually read.